“I was born in a University campus and seem to have lived all my life in one campus or another”<br />AMARTYA SEN<br />
ROAD TO NOBEL<br />Born 3rd Nov 1933 to Dr Ashutosh Sen & Amita Sen.<br />1953:Graduated from Presidency college, Kolkata.<br />1977-80 – Professor, Oxford.<br />1980-87 - Drummond Professor of political economy, Oxford.<br /><ul><li> 1956-58- Professor of Economics Jadaypur University.
1957-63 – Fellow in Trinity College, Cambridge.
1971-77 – Professor, London School of Economics.</li></li></ul><li>1987-98 - Lamont Professor of economics<br /> and philosophy, Harvard.<br />1998 - Master, Trinity College.<br />2004 - Returned to Harvard.<br />2007 – Joined Nalanda University, Bihar.<br />Amartya Sen at the Master's Lodge, Trinity College, Cambridge<br />
Personal life<br />Born in Santiniketan on the campus of Rabindranath Tagore’s Vishva-Bharti.<br />Sen’s first wife was Nabaneeta Dev Sen from 1960-71.<br /> They had two children Antra & Nandita. <br />
He married his second wife Eva Colorni in 1973.<br />She died in 1985 from stomach cancer.<br />They had two children, Indrani and Kabir.<br />Sen is presently married to Emma<br /> Georgina Rothschild.<br />
Nobel prize<br />Nobel Memorial Prize in Economics for his work<br /> in welfare economics in 1998.<br />The prize was worth $978,000 (Rs 4.1 crore).<br />Sen was the sixth Indian to be awarded the <br /> Nobel Prize .<br />Rabindranath Tagore<br />C.V Raman<br />Mother Teresa<br />Hargobind Khorana<br />Subramaniam Chandrasekhar<br />Amartya Sen receiving his Prize from the hands of His Majesty the King.<br />
Other Awards<br />Bharat Ratna in 1999.<br />Eisenhower Medal, for Leadership and <br /> Service USA, 2000.<br />International Humanist Award in 2002.<br />Life Time Achievement Award from Indian Chamber of Commerce in 2003.<br />
Some Of His Works :<br />Famine.<br /> 1981- Sen published his milestone work, Poverty and Famines: An Essay on Entitlement and Deprivation. <br />"I know of no one who was affected by the famine ... no relation, no friend, no one I ever associated with. That, to me, was a great insight later, I thought, though I didn't see it at that time. I just thought we were lucky." (On the 1943 Bengal famine.) <br />
Sen pointed out that it occurs due to the failure of social and political arrangements.<br />A country with :<br /> Is prone to severe famine, starvation and undernourishment.<br /><ul><li>No proper or robust Democracy.
No independent & critical press and media.</li></li></ul><li>Welfare Indices<br />1973 – Sen published his work on Economic Inequality.<br />According to Sen Inequality in an economy cannot be measured without a proper yardstick.<br />Poverty line is a common measure of the population below a tolerable standard of living.<br />It ignores the levels of deprivation among the poor. <br />Devised a formula Sen Index.<br />
Social Choice<br />1970 – Published Collective choice & Social welfare.<br />He offered an answer to Kenneth Arrow’s “impossibility theorem”.<br />Arrow argued that it is impossible to devise a voting system with an outcome which is both rational and egalitarian.<br />Arrow had, in effect, said farewell to democracy.<br />Sen indicated that the case for democracy wasn't lost and that there is a lot of middle ground in the analyses of choice.<br />
Education, Healthcare In India.<br />Education & healthcare need greater government investment: Sen.<br />Mere expansion of the Indian economy will not address the issues relating to the plight of the Indian child who continues to suffer from under-nourishment, anemia and lack of basic schooling facilities.<br />The solution to the problem:<br /><ul><li>Greater amount of government investment in both education and healthcare.
An end to the negligent attitude towards women.</li></li></ul><li>Food Prices and the Size of the Plan<br />1965 – Growth of India.<br />Rising prices in India.<br />Inability of government to ease the situation.<br />What should India do.<br />Two choices.<br /><ul><li> Should India continue its rate of investment or go slow.
Human capital investment.</li></li></ul><li>Negative Policy: The avoidance of Inflation.<br />Why inflation is such a big problem in India.<br /><ul><li>Keep the supply up.
Keep the demand down.</li></ul>Because a great many people in our country live on the border line of subsistence and eat a great deal less than they would like to.<br />
1982 - Choice welfare and measurement.<br />1986 – Food Economics and Entitlements.<br />1987 – On Ethics & Economics.<br />1992 – Inequality Reexamined.<br />1999 – Development as Freedom.<br />2002 – Rationality & Freedom.<br />2005 - The Argumentative Indian.<br />